False? I don’t know on these I just guess lol
Answer:
The aggregate investment of the project is $1,000,000
Explanation:
Total or the aggregate investment is the term which is described as the amount of money which a person or a company needed or required to complete the task, work or the project.
In this situation, the project needed a purchase of equipment which is worth $1,000,000 due to which there is increase in inventory as well as increase in accounts payable. Therefore, the total investment amounts to $1,000,000.As the equipment is the necessary item in order to complete the project and due to which the inventory rise and also the equipment is purchased on credit because of which the accounts payable also increase.
Answer: $9025 §1231 loss
Explanation:
From the question, we are informed that Sumner sold equipment that it uses in its business for $30,800 and that the equipment was bought a few years ago for $79,600.00 and has claimed $39,775 of depreciation expense.
Assuming this is Sumner's only disposition for the year, the amount and type or character of Sumner's gain or loss goes thus:
The book value of the equipment will be:
= $79600 - $39775
= $39825
Since the equipment is sold for $30,800, the loss will be:
= $39825 - $30800
= $9025
It should be noted that there will be no depreciation recapture because the asset is sold for a loss.
Answer:
Improperly secured software or not updating systems with critical updates from vendors
Explanation:
It is given that ImSecure Inc. is contacted by the Darling company that it would like to consider moving its client to the EDI for all the order sand payments.
EDI stands for electronic data interchange. It is a platform through which one organization sends their important information through some electronic medium to their associated organization for businesses.
This provides accuracy and transparency to the process but it also comes with some threats. If the electronics exchange is not done through a secured platform, there can be perpetrators of frauds to the organization.
One such opportunity is when these transaction of information is done through improperly secured software or when the software is not updated.
